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Shun Qian Liu Acquires Industrial Property In Flushing For $12.5M

32-25 Farrington Street
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This Industrial property located in NY was sold for $1,000,000 about 6 years ago. The broker of the deal was Stephen R. Preuss Sr.

The industrial property located at 33-34 Prince Street in Flushing has been sold in a recent transaction. The property spans 25,960 square feet and was sold for a price of $12,500,000, resulting in a price per square foot of $481.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,500,000
  • Address: 33-34 Prince Street
  • Market: Flushing

The buyer of the property is Shun Qian Liu, while the seller is John Parlante. They were represented in the deal by their respective brokers or representatives.

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Deals
  • Location
    32-25 Farrington St, Flushing, NY 11354, USA32-25 Farrington St, Flushing, NY 11354, USA
  • Sale Price
    $1,000,000$1,000,000
    $25 PPSF$25 PPSF
  • Area
    40,000 SF40,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Stephen R. Preuss Sr.

Stephen R. Preuss Sr.

Deals179
Financed$1.3B

Agency

Ripco

Ripco

Agency
Deals629
Volume$4.2B

Deal Summary

SALE DATE: 08/09/2022 ADDRESS: 33-34 Prince Street MARKET: Flushing ASSET TYPE: Industrial BUYER: Shun Qian Liu SELLER: John Parlante SALE PRICE: $12,500,000 SF: 25,960 ~ PPSF: $481

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32-25 Farrington Street

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